Rewarding/ allocating a defined % of unruggable memecoin to addresses that meet specific criteria

[EdwardCWilson]

Bootstrap your meme community by rewarding ecosystem participants with a defined % of the overall unruggable memecoin allocation.

This idea lets you onboard addresses and bring attention to your unruggable memecoin. At their core, memecoins are about attention. Without attention, no one will trade, or be interested in your unruggable memecoin, as there's no intrinsic value.

What criteria do we use to define allocation?

When creating an unruggable memecoin, a % of the unruggable memecoin can be allocated on historical behaviours, such as: made a specific number of transactions, account value, interacting with specific dapps, account age, transaction volume, or owning a specific NFT.

These seem the most obvious and can be adjusted based on who to target. Not all these criteria have to be set for the unruggable memecoin. It can be as simple as allocating 50% of the supply to addresses that have more than $100 in their address at the time of the unruggable memecoins creation, and every address that meets the criteria receives the same amount of unruggable memecoin.

Other examples include:

• Rewarding a % of the unruggable memecoin to addresses that hold a specific NFT. In this example, the maximum number of eligible addresses is known, so the amount that can be airdropped/ claimed by eligible addresses is known
• Rewarding DeFi power users through account age, transaction volume, dapps used and min wallet balance. In this example, the rewarding/allocation is more targeted to appeal to specific addresses. The amount being rewarding/ allocating can be variable.

What about the claiming process?

The method behind distribution can either be via a direct airdrop which will require gas for the unruggable memecoin creator(s) to distribute tokens, or via a claiming process, akin to typical airdrops, where addresses that meet the criteria can claim their allocation by a specific date. TBD.

Unclaimed tokens can then either be burnt or added to bolster liquidity.

The benefits of rewarding/ allocating a defined % of unruggable memecoin to addresses that meet specific criteria

As memecoins are all about attention, this achieves that from the onset.

1. Interested addresses will claim the airdrop
2. Addresses will either: hold, sell, trade or LP airdrop
3. More activity results in higher volume
4. The more volume means more fees for LPs
5. Attractive fees bring deeper liquidity
6. Deeper liquidity results in a better trading experience and price action
7. The flywheel repeats

This is not a new idea. BONK airdropped 50% of the total supply to members of the Solana ecosystem based on defined criteria and has since become the defacto memecoin of the Solana community.

[MavericksFive]

Hey @abdelhamidbakhta @EdwardCWilson, I would love to work on that!

[AbdelStark]

Hey @abdelhamidbakhta @EdwardCWilson, I would love to work on that!

Great, assigned to you

[MavericksFive]

Hey @abdelhamidbakhta , thank you very much! On which criteria should I work? What do you think could be the best claiming process?